A deposit account that is held by a depositors such as corporations, foreign banks and bank corporate customers other than individuals; an example is money market. This account pays a fixed amount for a period of time and it requires advance notice before money can be withdrawn from it. Advance notice has to be issued in order not to incur an early withdrawal penalty. It is not subject to Federal Reserve regulations D. Banks who have non-personal time deposit must regularly disclose the balance of this account to their regional Federal Reserves.
Related information about nonpersonal time deposit:
- Nonpersonal Time Deposit Definition | Investopedia
Time deposit accounts held by corporate bank customers that pay a fixed amount of interest for a specified time period. Money may not be withdrawn without ...
- Nonpersonal Time Deposit: Definition from Answers.com
Nonpersonal Time Deposit Time deposits, including money market deposit accounts, held by a depositor other than an individual.
- What is nonpersonal time deposit? definition and meaning
Definition of nonpersonal time deposit: A deposit account that is held by a depositors such as corporations, foreign banks and bank corporate customers other ...
- nonpersonal time deposit Definition | Business Dictionaries from ...
time deposits, including money market deposit accounts, held by a depositor other than an individual. Nonpersonal time deposits include term savings accounts ...
- Depository Services - Office of the Comptroller of the Currency
deposit, time deposit, nonpersonal time deposit, and transaction account. ... A nonpersonal time deposit is defined as (1) a transferable time deposit or account ...
- 12 CFR 204.2 - FDIC
Jun 29, 2012 ... (2) Nonpersonal time deposit does not include nontransferable time deposits to the credit of or in which the entire beneficial interest is held by ...
- Report of Transaction Accounts, Other Deposits, and Vault Cash
Sep 30, 2009 ... Nonpersonal savings deposit............................................................................................. .............84. Nonpersonal time deposit ...
- EconomicPolicyJournal.com: A Note on the Money Multiplier
Sep 15, 2012... cover the checks, but keeping the remainder in the nonpersonal time deposit account where the reserve requirement, in most cases, is zero.